Subscribethe chart is showing that the pair has closed it's daily daily under the level of 110.00 , and that's mean that the down trend is still standing and the pair might reach 109.50 and then 109.20
Thread: Eur/Jpy
the chart is showing that the pair has closed it's daily daily under the level of 110.00 , and that's mean that the down trend is still standing and the pair might reach 109.50 and then 109.20
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Abubakar 148 (2020-08-24), Mureedabbas (2019-03-14)
URJPY was had some volatile trading yesterday but managed to close below open. Long term bias is bearish as long as price stays below 113.45 and bear trend line, and medium term is also bearish as long as H4 price stays below 110.62
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0307148 (2020-04-04), Abubakar 148 (2020-06-22), Mureedabbas (2019-03-14)
the pair and as we can see from the chart is trading now above the level of 110.00 , so when ever the pair success in breaking 110.00 , that's mean the down trend will be assured and the pair might head to 109.70 and then 109.30
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Abubakar 148 (2020-04-13), Mureedabbas (2019-03-14)
If the market fails to push above 110.05, and falls below 109.50, we can be looking for a slide towards the lows near 108.30. Then a break below this opens up the 2010 and 2011 lows, 106.29 and 105.42 respectively
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Abubakar 148 (2020-08-22), Mureedabbas (2019-03-14)
there is a possibility of a short term pull-back to support at perhaps 110.25 before the next thrust higher. If it reaches the upper line in the 113s it will encounter a formidable ensemble of resistance including moving averages and other support and resistance levels
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Abubakar 148 (2020-04-15), Mureedabbas (2019-03-14)
lack of movement from this pair make now clear signal on the main trend for this pair........most of time this pair will remain sideway this week......maybe another break to the low is possible
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Abubakar 148 (2020-08-22), Mureedabbas (2019-03-14)
Any pullbacks below 110.00 continue to be very well supported by the previous multi-day resistance area from May 2010 through February 2011. Look for a fresh medium-term higher low by 108.00 ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a break back below 108.00 concerns.
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Abubakar 148 (2020-03-31), Hamzagoroo (2019-03-23), Mureedabbas (2019-03-14)
Intraday trade:
If a M15 close above 110.72 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 110.37 sell only and do not buy. If price closes back above it again do nothing
The range 110.72 and 110.37 is neutral area, any trade done in between is personal decision and not part of this analysis
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Abubakar 148 (2020-06-18), Hamzagoroo (2019-03-23), Mureedabbas (2019-03-14)
The pair has recently corrected sharply from the support at 107.00 (point E, which also coincides with the lower support trendline of this Down Channel) and is expected to continue correction toward the upper resistance trendline of this chart pattern.
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0307148 (2020-02-20), Abubakar 148 (2020-04-08), Hamzagoroo (2019-03-23), Mureedabbas (2019-03-14)
While below 110.85 - 111.10 it is more likely to fall further towards 110.15 or 109.65.
Supports / Resistances
Res 2 111.5500
Res 1 111.1000
Pivot 110.6000
Sup 1 110.1500
Sup 2 109.6500
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Hamzagoroo (2019-03-23), Mureedabbas (2019-03-14)
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